Main Street Increases Facility to $572.5MM
Main Street Capital announced the expansion of total commitments under its five-year credit facility from $522.5 million to $572.5 million. The $50 million increase in total commitments was the result of the addition of a new lender relationship, which further diversifies the Main Street lending group under the credit facility to a total of fifteen participants.
The recent increase in total commitments was executed under the accordion feature of the credit facility which allows for an increase in total commitments under the facility up to $650 million from new and existing lenders on the same terms and conditions as the existing commitments. The increase in total commitments under the credit facility provides Main Street with access to additional financing capacity in support of its future investment and operational activities.